Sorry to hear about your misadventures....I've had similar experiences 
(connection lost, "fat-fingering" logon/password, etc.)...so this brings up 
an interesting (at least IMHO) question......

Every time I lose an item to this type of occurrence, I ask myself "why" I 
was so foolish to do it.  If I'm prepared to pay $x for an item, why do I 
insist on trying to snipe it at the very end of the auction?  Granted, I 
usually never bid until the last few minutes before the end, but it's mainly 
because I don't want to call attention to the item.  I use the same method at 
live auctions for another hobby of mine....let the other bidders fight it 
out, and then if it's still within my predetermined price range, I'll jump in 
once most of the others have dropped out....if it's over my limit, I just let 
it go.

So back to the question.....Again, if I'm prepared to pay a maximum of 
say...$100 for a meteorite, why not just bid the $100 up front.  If somebody 
wants to top me, fine...it's over my limit, and unless I succumb to "auction 
fever" and bid again, it goes to someone who apparently values it more than 
I.

But, if the underbidder maxed out at $75, it would be mine at the next 
increment over their bid, I'm still well below my limit, and I have some room 
left to combat any other snipers that may be out there.  So why bother to 
risk losing it by trying to snipe it?  Personally, I've lost more sniping 
battles than I've won.  So why do I keep doing it?  Do we get some additional 
sense of satisfaction/accomplishment by thinking that we "stole" it from the 
next bidder?  (Michael B., isn't this up your professional alley?)

Oh well....gotta go...there's an auction about to end and I have 
to........................................

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